Q1 2014 Broker Confidence Index

The Real Estate Board of New York’s Real Estate Broker Confidence Index for the First Quarter of 2014 showed that brokers overall confidence increased compared to last quarter, to 9.21 from 9.0. The brokers are confident about the current market and in the market six months from now.  For the first time since we began conducting the survey, confidence scores in every category for both residential and commercial brokers compared to the previous quarter. Both commercial brokers and residential brokers are more confident in the market in the first quarter of 2014 compared to last quarter.